Tag: Social Security (United States)

Ask Larry: ​​Was I Misinformed By SSA?
Social Security Disability

Ask Larry: ​​Was I Misinformed By SSA?

Ask Larry about Social Security: Was I Misinformed By SSA?
You can file for an divorced spousal benefit on a divorced spouse’s work record provided you were a) married for 10 years, b) your ex is age 62, c) you have been divorced for 2 or more years or your ex has started his retirement benefit.
In particular, the second ex needs to reach age 62 before you can collect a divorced spousal benefit on his record.
Be aware that when one of your ex’s dies, you will qualify to collect a full divorced widows benefit or an excess divorced widows benefit if you are already collecting your own retirement benefit.
I suspended my retirement benefits at age 67 and collected instead my divorced spousal benefit so it would increase up to my age 70.
If you had, it would have reduced your divorced spousal benefit by whatever the rate of your own benefit was at that time.
In any case, it sounds like you selected the correct month to start your own benefits.
Hi Larry, I’ll be 66 and receive my retirement benefit early next year.
Before filing, you can run an expert Social Security benefits calculator, whether my company’s Maximize My Social Security or another program that’s not as confused as your friend, to be sure that you choose the best filing strategy.
Best, Larry Can I Draw Spousal Benefits If My Husband Is Working?

Get to Know Your Social Security
Social Security Disability

Get to Know Your Social Security

Social Security touches the lives of nearly every American.
We’ve been with you from day one, when your parents applied for your Social Security number, and we are with you from your first job through your retirement party and beyond.
For more than 80 years, Social Security has stayed true to its mission of providing financial protection for the American people and has served as one of the most successful anti-poverty programs in our nation’s history.
We encourage everyone to take steps toward their financial security.
Regardless of your age or place in life, now is the right time to start planning for a financially secure future for you and your family.
Everyone can benefit from our first step: Get to know your Social Security.
Along the way, you’ll see how your Social Security number opens many important doors throughout life, from making it easier to apply for student aid and open your first bank account to starting your first job and buying your first house.
You’ll also discover how your contributions to the Social Security system through FICA payroll taxes can make you eligible for important future benefits when you reach retirement age or if you become severely injured or ill. You’ll find how Social Security helps your family in the form of survivor benefits and how our Supplemental Security Income program assists disabled children and our most vulnerable adults.
We also encourage you to visit our website and set up your own my Social Security account today so you can begin taking steps toward financial security.
We encourage you to visit us at www.socialsecurity.gov.

Why Do So Many People Claim Social Security at 62?
Social Security Disability

Why Do So Many People Claim Social Security at 62?

The most popular age in America to claim Social Security benefits is age 62, according to the Center for Retirement Research.
Since 62 is the youngest age at which these benefits can be claimed, it’s clear that more than 4 in 10 Americans can’t wait to get their hands on Social Security checks.
Unfortunately, for millions of retirees, benefits will be significantly lower if they claim benefits at 62 than if they wait until full retirement age (FRA).
For most people, however, claiming Social Security at 62 isn’t the result of a calculated plan to maximize money from Social Security.
A fundamental misunderstanding One big reason why many retirees claim Social Security at 62 is they simply don’t understand the rules for how Social Security works.
If you assume you can claim five years of benefits and then get your monthly payments bumped up on your birthday, it seems like a no-brainer to claim benefits ASAP.
Doing the math, it would take you almost 12 years to make up for the years of benefits you missed out on by waiting.
If you’ve claimed too early and are within your first 12 months of receiving benefits, you can withdraw your claim and be treated as if you hadn’t filed at all.
If you’re under FRA and earn above a certain threshold while receiving Social Security, benefits are withheld, and you’ll later receive credit for the months you went without getting payments.
Have a plan If you don’t make a plan to save for retirement, there’s a good chance you’ll be forced to claim Social Security benefits out of financial necessity, rather than waiting until the time is right.

State high court rules for employer in comp benefits dispute

State high court rules for employer in comp benefits dispute

Reprints Gloria Gonzalez A West Virginia appeals court affirmed a decision denying workers compensation benefits to a retired employee receiving Social Security benefits.
The case began when Fouad Hassan, a long-time employee at Wheeling, West Virginia-based metals and mining product producer RG Steel Wheeling Inc., filed two applications to reopen his claim for permanent total disability, one on March 9, 2015, and one on June 16, 2015, according to the decision in Hassan v. West Virginia Office of Insurance Commissioner published by the Supreme Court of Appeals of West Virginia on Thursday.
Over the years, Mr. Hassan suffered several compensable injuries, according to the decision.
He retired on April 21, 2011, and began receiving Social Security disability benefits that same year and then Social Security retirement benefits in April 2015, after he reached age 66.
On July 10, 2015, the claims administrator denied Mr. Hassan’s permanent total disability application – a denial Mr. Hassan appealed to the Office of Judges, which also denied his appeal after determining he was no longer eligible for permanent total disability benefits and was barred from introducing evidence to show his disability.
Under West Virginia law, claimants cannot be awarded permanent total disability benefits if he or she terminates active employment and is receiving full retirement benefits under the Social Security Act, the court’s ruling noted.
“Because the evidence of record shows that Mr. Hassan terminated his active employment and is receiving full old-age Social Security benefits, it was appropriate to dismiss his claim for permanent total disability benefits,” the court said.
The facts and legal arguments were adequately presented, and the decision-making process would not be significantly aided by oral argument, the court said in issuing its memorandum decision, which means the court’s ruling is not subject to appeal by the dissatisfied party.
A company spokesperson and an attorney for Mr. Hassan could not be immediately reached for comment.

10 Handy Ways to Use Social Security Online
Social Security Disability

10 Handy Ways to Use Social Security Online

There are many easy ways to use our website.
Here are some common and not-so common uses: Apply for Social Security benefits online, of course!
Verify your annual earnings and review estimates of your future Social Security benefits when you access your Social Security Statement, one of the many services available with a my Social Security account.
Numbers can tell a story.
Lost or missing Social Security card?
In fact, you may be able to apply for a replacement card with a my Social Security account, if you meet certain qualifications.
Noah, Emma, Liam, Olivia…are these the most popular baby names for 2016 in the U.S. or in your state?
How do I apply for Social Security retirement benefits?
Discover the answers to your Social Security related questions at our Frequently Asked Questions page.
Dream of moving to London, Paris, or the Cayman Islands?

Would the GOP Actually Cut Social Security Benefits?
Social Security Disability

Would the GOP Actually Cut Social Security Benefits?

Could the GOP cut Social Security’s funding?
Mulvaney himself has also been very open to the idea of cutting funding to mandatory programs like Social Security.
One of the GOP’s core proposals to fix Social Security is to raise the full retirement age — the age where the SSA deems you eligible to receive 100% of your retirement benefit.
By 2022, the full retirement age will rise to 67 years, but the GOP has long favored pushing it to 68, 69, or even 70 years.
This is being discussed in the GOP tax bill right now The second indirect way the GOP could cut Social Security’s funding is by switching its inflationary tether away from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to the Chained CPI.
One proposal in the recently passed House GOP tax bill (officially the Tax Cuts and Jobs Act) would switch to the Chained CPI beginning in 2024 as the inflationary tether for various tax provisions.
Though it makes no mention of aligning Social Security benefits with the Chained CPI, it seems plausible that the GOP tax bill could open the door for such a move in the future.
Will the GOP cut funding to Social Security?
While no one knows the answer with any certainty, it’s reasonable to assume that if they had their chance to raise the full retirement age and switch its inflationary tether to the Chained CPI, they would.
The $16,122 Social Security bonus most retirees completely overlook If you’re like most Americans, you’re a few years (or more) behind on your retirement savings.

Fugitive lawyer wanted in huge Social Security fraud case nabbed at Honduras Pizza Hut
Social Security Disability

Fugitive lawyer wanted in huge Social Security fraud case nabbed at Honduras Pizza Hut

LOUISVILLE — The FBI vowed it would get its man — and with the help of a Honduran SWAT team, it did.
Previously: Fugitive Kentucky lawyer embroiled in massive Social Security fraud case captured in Honduras She told reporters at a news conference in Lexington that Conn was arrested Saturday without incident by the FBI attache in San Salvador and the Honduran Technical Agency of Criminal Investigation.
(Photo: Moises Castillo, AP) Conn disappeared June 2 from Lexington as he was facing 12 years in prison for theft of government property and paying illegal gratuities in a scheme to fix Social Security disability cases for his clients.
He was accused of conspiring with a federal administrative law judge and clinical psychologist over 10 years to get benefits awarded to 1,700 claimants, whether disabled or not, and to file fraudulent submissions totaling $550 million.
The judge, David Daugherty, pleaded guilty to taking illegal gratuities and was sentenced to four years in prison, while the psychologist, Alfred Bradley Adkins, who was found guilty, was sentenced to 25 years for fraud and other crimes.
Honduran reporters said agents from its national police agency had been following him for several weeks. “We implored him to cooperate,” she said. “He refused to do so.”
The FBI offered a $20,000 reward for information leading to his arrest and seized bank accounts that could be used to support his flight.
Wyatt has pleaded not guilty Hess told reporters Tuesday the FBI had worked with about a dozen agencies to bring Conn to justice.

FBI’s most wanted Social Security scam leader nabbed in Honduras: Report
Social Security Disability

FBI’s most wanted Social Security scam leader nabbed in Honduras: Report

The man who ran the largest Social Security fraud in American history has been captured in Honduras after six months on the run, a Honduran newspaper reported Monday.
The newspaper said investigators had been tracking Conn for several weeks.
Conn is to be sent back to the U.S. on Tuesday, the newspaper said.
He pleaded guilty earlier this year to orchestrating a massive fraud that saw more than 1,700 bogus Social Security disability applications filed and approved, totaling $600 million.
Conn was still out on bail while awaiting sentencing when he cut off his ankle monitoring device and fled, with the help of a henchman.
He was spotted heading to the U.S.-Mexico border, and told news outlets he had managed to escape the U.S., but the FBI over the summer said it doubted he’d actually left the country.
A man purporting to be Conn had bragged to outlets, including The Washington Times, about his ability to escape, and explaining his reasons.
Conn was sentenced in absentia in July to 12 years in prison, but authorities said at the time they would consider adding more charges based on his flight from custody.
Those may or may not be issues for either our courts or the Honduran courts,” he said.
“The FBI usually gets their man,” he said.

How You Can Grow Your Social Security Benefits Beyond Retirement Age
Social Security Disability

How You Can Grow Your Social Security Benefits Beyond Retirement Age

For more and more Americans, reaching retirement age no longer means the end of an active working life.
Many people are choosing to work past the age of 65, according to the Department of Labor’s Bureau of Labor Statistics.
Besides providing you with additional income to pay your bills, extending your employment or working for yourself could boost your lifetime Social Security benefits.
Through delayed retirement credits, your monthly benefit amount increases for each year you wait between your full retirement age and 70.
You get credits on your earnings record for each year of additional work income.
When we calculate your retirement benefit amount, we use your best 35 years of earnings.
We’ll increase your benefit amount if your new year of earnings is higher than one of the years we used to calculate your initial benefit amount.
An increased benefit amount for yourself could mean more support for your family, too, through Social Security spousal benefits, child benefits, and survivor benefits.
We also encourage you to set up your own online my Social Security account so you can verify your lifetime earnings record, check the status of an application for benefits, and manage them after you’re receiving them.
Social Security is committed to helping you prepare for a secure today and tomorrow for you, your family, and future family.

House Republicans put final touches on budget deal

House Republicans put final touches on budget deal

(CNN)House Republicans are putting the final touches on a bold budget proposal they will roll out later this week that would boost military spending beyond what President Donald Trump wants and slash billions from welfare and other entitlement programs.
The fiscal blueprint is expected to propose more than $1.1 trillion for the next fiscal year and would provide more money for the military and domestic spending than President Donald Trump requested in his budget, which he sent to the Hill in May, according to several congressional aides familiar with the proposal.
Republicans reached an agreement on the discretionary funding levels for the Pentagon and domestic agencies, and the last sticking point Republican leaders had to overcome was over how much deficit-reduction should be taken out of mandatory programs like Social Security, Medicare and Medicaid.
The House budget blueprint would set domestic discretionary spending at $511 billion, an increase compared to the Trump administration’s $462 billion budget request, which proposed deep cuts to agencies like the State Department and EPA.
When President Barack Obama was in the White House, final spending deals in recent years included equal increases for defense and domestic spending, but Republicans are trying to move away from that construct now that they control the legislative and executive branches.
But with a budget deal near, the House’s defense authorization and appropriations bills were finalized at the same level as the emerging budget agreement.
Thornberry told reporters last week that he was willing to come down from $640 billion, but he would need assurances there would be future growth for military spending in future years.
Some in the House Freedom Caucus were hoping they could get a significantly higher number, and House Budget Chair Diane Black also appealed to top GOP leaders to make those savings a major component of the final deal, according to several House Republican sources.
The budget proposal does not provide details on how each committee could achieve these savings targets, but including the provision in the budget resolution gives Republicans in Congress the ability to say they are following through on their pledge to reduce the size of the federal government.
Republicans don’t need to pass a budget — the various spending bills that detail how much each agency will get for federal programs are the measures that keep the government operating.